Barrett Legacy Estate Solutions

With couples of similar ages, planning for the future is naturally a joint effort. However, if you are married to someone who is significantly older or younger than you, the future can look different and mean different things to each of you. To protect yourself, your spouse, and other loved ones, you need to have comprehensive financial and estate plans. For these plans to work as intended, it is important that you have an open and honest conversation with your spouse about the following financial and estate planning topics.

 

Views on Employment

Because you may rely on a job to provide you and your spouse with health insurance and income, and a job can take up a large amount of your time, it is important to discuss these questions about the future of your employment.

 

Managing Your Finances

Retiring or stopping your employment means losing one type of income. For many, their retirement accounts will provide a large portion of the money they will be living on during their retirement; however, this does not happen overnight, it takes advance planning. It is important that, as a married couple, you discuss the following topics to ensure your financial security:

 

Estate Planning Considerations

Crafting an estate plan is the best way to guarantee that those you love are taken care of. If you do not create your own estate plan, your state’s laws will determine who gets your money and property, and how much, when you die, as well as who will make decisions for you in the event you cannot make them for yourself. As you review or begin your estate plan, the following questions will touch on some of the more crucial issues you need to consider.

 

These are just some of the questions you and your spouse should be considering as you plan for your future. If you have any questions or are ready to take the next steps in crafting your estate plan, call us.